What is Lean FIRE?

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With so much news about the FIRE movement, you have to wonder which way is best for you. Many people have mentioned Barista FIRE or even regular FIRE.

Lean FIRE (Financial Independence Retire Early) is the ability to stop working and retire before the average retirement age of over 60+ years of age but retiring on a lower cost of living standard. 

What is Lean FIRE?

When looking at retirement numbers, you need to create a goal to hit for your retirement. You cannot just wait until you are 60+ years old and think you have enough.

How Much Do You Need for Lean FIRE?

You take your annual spending and multiply it by 25. If you spend $40,000 per year, the formula will look like this: $40,000 x 25 = $1,000,000

The 4% Rule

Living below your means is about living on less. You do not live paycheck to paycheck anymore. There needs to be a budget, and saving should be an important goal. 

Living Below Your Means

- Quicker to Financial Independence - Less Stress - Living a Frugal Lifestyle

The Pros of Lean FIRE

What Are Some Pros and Cons of Lean FIRE?

Swipe up to learn more about  Lean FIRE!